Disney's Streaming Services Turn Profitable Amid Theme Park Revenue Decline
The company sees first profit from streaming platforms but warns of decreased theme park attendance and upcoming price hikes.
- Disney's streaming services, including Disney+, Hulu, and ESPN+, posted a $47 million profit in Q3 2024.
- Theme park revenue is expected to decline due to economic concerns and decreased consumer spending.
- Disney announced significant price increases for its streaming services starting in October 2024.
- Password-sharing crackdown for Disney+ will intensify in September, with no major backlash reported so far.
- Despite theme park challenges, Disney's entertainment unit saw a surge in operating income driven by successful film releases.
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